MRF shares up 0.34% as Nifty drops

NEW DELHI: Shares of MRF Ltd. traded 0.34 per cent up in Tuesday's trade at 10:51AM (IST). Around 2,579 shares changed hands on the counter.

The stock opened at Rs 82783.5 and touched an intraday high and low of Rs 82900.0 and Rs 82346.15, respectively, in the session so far. Shares of the company of MRF Ltd. quoted a 52-week high of Rs 93855.0 and a 52-week low of Rs 62944.5.

As per BSE, the total market cap of the MRF Ltd. stood at Rs 34936.5 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 5730.37 crore for the quarter ended 30-Jun-2022, up 6.69 per cent from previous quarter's Rs 5370.83 crore and up 33.99 per cent from the year-ago quarter's Rs 4276.58 crore.

The net profit for latest quarter stood at Rs 123.6 crore, down 25.35 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 6.21 per cent stake in the firm, while foreign institutional investors held 16.05 per cent and the promoters 27.49 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 55.7 and a price-to-book ratio of 1.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

MRF Ltd. belongs to the Tyres & Tubes industry.